Mar 20
This morning’s snapback rally in the Euro has triggered a trailing stop for our short position so we are out for a profit of $1,400 per contract. It’s not common for us to get an exit so soon that’s also profitable, and in something that clearly appears to still be in a downtrend, but it …
Mar 12
We got stopped on two more of our equity longs today at the close. For performance measuring purposes we’ll take tomorrow’s open as our exit. These two have been slowly slipping away, initially slow enough to appear to be countertrends, but in the last few days they’ve suddenly got a little steeper and faster. That’s …
Mar 03
Here’s two names I want to enter long at Monday’s open. Nike ($NKE) Nike ($NKE) has been mentioned a couple of times today in the weekend reviews, I’ve seen several well-respected commentators talking about it and I have to agree it’s setting up very nicely for an upside break. These are the kind of setups …
Feb 16
The following are open positions of our long-term trend following system. This systems covers 10 futures markets, of which we currently have a position in 6. Long S&P 500 ($ES_F) 1/28 +$1,062.50 per contract Remember how ‘wrong’ this felt taking the signal at the end of January? We wrote about it here. The top-calling was …
Feb 04
It’s not often we need to go back 8 years on a chart to show the context of a trendline break but it’s the case here with St. Joe ($JOE). There’s been many false dawns on this recovery story, punctuated with the high-profile hedge fund interest of Bruce Berkowitz’s Fairholme Fund starting in 2007 and …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. More....
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